This is true for all private money lending situations..

Of course, with private lenders, you must give up equity or a return on the debt. 

My goal for 2025 is to complete 50+ transactions and collaborate with even more people in this community.If you’re a private money lender, investor, or fellow enthusiast feel free to reach out.

Big cities tend to have more regulations, more crime, more leftist-leaning policies that hurt investors and private property rights, etc.

I have heard of cabin / mountain market STR operators doing some kind of hiking package, or way to connect a guest to a private tour guide for an "upcharge" which gives the hike tour guide an income and the STR operator a nice upcharge too. 

There are other ways around this such as seller financing or private money lending but that is an obstacle you should be aware of. 

Many large private lenders will work with smaller lenders as correspondents.

@Eamon Conheady - was the other lender a company or a private individual? 

You can also message me if this is an option you're seriously considering and I'm happy to chat with you about BiggerPocket's private community for syndication investors called PassivePockets.

Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private).